The Honolulu Board of REALTORS® released median prices paid for O`ahu properties for the second quarter of 2009. According to the analysis conducted by the Board, using data collected from its MLS system, the median prices are:
Single-Family Homes – $569,500
Condominiums – $307,500
During the second quarter, the number of sales declined from one year ago and the median price paid for a single-family home decreased by 10.5 percent and the condominium median price decreased by 6.8 percent. The total dollar volume of sales was $724.0 million in the second quarter, a decrease of $273.2 million, or 27.4 percent, from the $997.2 million in sales achieved in the same quarter last year.
The following table provides the quarterly median prices for the Oahu neighborhood groups:
NEIGHBORHOOD SINGLE-FAMILY HOMES CONDOMINIUM/APT/TOWNHOUSE
Metro Oahu $ 650,000 $ 305,000
Diamond Head 884,000 427,000
Hawaii Kai 747,500 451,000
Kailua 710,000 392,500
Kaneohe 619,500 365,000
North Shore 754,500 255,000
Central Oahu 566,500 290,000
Leeward Coast 277,000 135,000
Ewa Plain 425,000 275,000
Makakilo 490,000 245,700
Waipahu 520,000 270,000
Pearl City 539,400 290,000
to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both and provides useful information about buying and selling real estate in Hawaii.
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